The market just thinks there's a chance he'll be forced into paying more than the company is worth. It needn't have anything to do with the company's potential.

The market just thinks there's a chance he'll be forced into paying more than the company is worth. It needn't have anything to do with the company's potential. If I made a credible $100B offer for the Campbell Soup company and waived due diligence, the stock price would shoot up, but it's not because they're wasting their potential.